Fmr LLC Acquires 24,103 Shares of Polaris Inc. (NYSE:PII)

FMR LLC raised its holdings in Polaris Inc. (NYSE:PII - Free Report) by 22.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,665 shares of the company's stock after acquiring an additional 24,103 shares during the quarter. FMR LLC owned about 0.24% of Polaris worth $11,126,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PII. Venturi Wealth Management LLC lifted its stake in shares of Polaris by 534.5% in the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock worth $29,000 after buying an additional 294 shares during the last quarter. Blue Trust Inc. raised its holdings in Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company's stock worth $32,000 after acquiring an additional 389 shares during the period. Signaturefd LLC lifted its position in Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company's stock worth $51,000 after acquiring an additional 618 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in Polaris during the second quarter valued at about $57,000. Finally, National Bank of Canada FI grew its position in shares of Polaris by 27.9% in the second quarter. National Bank of Canada FI now owns 918 shares of the company's stock valued at $69,000 after purchasing an additional 200 shares during the last quarter. 88.06% of the stock is owned by institutional investors.

Polaris Price Performance

Shares of NYSE:PII traded down $0.51 on Thursday, hitting $64.65. The stock had a trading volume of 863,205 shares, compared to its average volume of 736,838. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 6.65 and a beta of 1.51. Polaris Inc. has a twelve month low of $63.23 and a twelve month high of $100.91. The firm's 50 day moving average price is $71.81 and its 200-day moving average price is $77.59.

Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company's revenue for the quarter was down 23.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.71 earnings per share. On average, equities research analysts predict that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris's payout ratio is presently 73.74%.

Analyst Ratings Changes

Several equities analysts recently weighed in on PII shares. DA Davidson cut their price objective on Polaris from $87.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price target on shares of Polaris from $82.00 to $73.00 and set a "sector perform" rating for the company in a report on Wednesday, October 23rd. StockNews.com cut shares of Polaris from a "hold" rating to a "sell" rating in a research note on Tuesday. Robert W. Baird decreased their target price on Polaris from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Finally, KeyCorp reduced their price objective on Polaris from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $87.09.

Polaris Profile

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.